Royal Helium (CVE:RHC) Stock Price Down 33.3% – What’s Next?

Royal Helium Ltd. (CVE:RHC)’s stock price dropped 33.3% during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,463,166 shares were traded during mid-day trading, an increase of 202% from the average daily volume of 485,291 shares. The stock had previously closed at C$0.03.

Royal Helium Stock Down 33.3 %

The company has a quick ratio of 0.61, a current ratio of 0.25 and a debt-to-equity ratio of 68.89. The company has a market capitalization of C$7.16 million, a P/E ratio of -0.40 and a beta of 2.26. The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.06.

Royal Helium Company Profile

Royal Helium Ltd. engages in the exploration and development of helium properties in Canada. It holds approximately 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. The company is headquartered in Saskatoon, Canada.